City of Vancouver, Partners, Announce More Than 1,000 Non-Market Housing Units

Article excerpt

VANCOUVER - A non-profit housing society and the City of Vancouver are working together to build more than 1,000 affordable homes on city land valued at $130 million.

Community Land Trust will work with the Vancouver Affordable Housing Agency to develop 1,039 units on seven sites as affordable rental housing, with occupancy expected by 2021.

The new homes will be operated by several non-profit housing societies and will be designed for singles and families earning between $30,000 and $80,000 annually.

Ninety of the units located in the downtown core will provide self-contained, safe and secure housing for women, while 169 units in the same area will be tailored to the needs of the HIV and LGBTQ community and their families. …